ECON 100B Midterm 2

Your school has decided to increase the intake of new students next year. To make its decision, what economic concepts would it have considered? Would the school have used the "economic way of thinking" in reaching its decision? Would the school have made its decision on the margin? Your school would use the "economic way of thinking" and made its decision at the margin by checking that . the student's marginal benefit of attending the school exceeds the student's tuition . the number of classrooms and the number of teachers match _. total revenue from students exceeds the total cost of running the school ¥ . the school's net benefit of an additional student was positive